FiNETIK – Asia and Latin America – Market News Network

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Fidessa publishes White Paper on Development of Trading Technology for Latin America – Discusses Technology’s Role in Driving Trade Volume to the Region ­­­

Fidessa group plc the leading provider of trading systems, market data and connectivity to buy-sides and sell-sides globally, has today announced the publication of a new white paper on the increasingly critical role that technology plays in reinforcing wholesale markets and attracting foreign investors to Latin America. The paper, entitled The Development of Trading Technology for Latin America, stresses that as the pool of brokers becomes broader and deeper, more sophisticated technology will be required to compete.

Along with increasing political stability in LATAM, higher levels of consumer affluence and international interest in the potential value in its natural resources have secured LATAM’s emergence into the mature market trading world. Although the LATAM markets have their own particular features, specific regulatory issues and cultural practices, the implementation of technology used will almost certainly follow the same trajectories seen in the more mature markets of North America, Europe and Asia. This paper provides its readers with valuable insight into the future of this region’s forthcoming trading market as forecasted by Alice Botis, Head of Business Development for Latin America, Fidessa.

Botis says of LATAM: “An expanding middle class with attendant pension funds combined with a positive population growth trajectory, has encouraged the establishment of an investment management community and the consequent growth in both buy-side and sell-side institutions. From 2000 to 2010, for example, access to financial services in Mexico increased from 25 to 59 percent, according to a survey conducted by the Ministry of Finance and Public Credit (SHCP).”

She points out that the political and economic structures of the LATAM region are now considered stable and safe, as are their capital markets. The Development of Trading Technology for Latin America reinforces Fidessa’s contention that systems for resilient order management—which can handle inbound/outbound international order routing, target and hit appropriate liquidity, offer comprehensive algos and basket functionality upstream of the EMS, and aid compliance—will continue to penetrate further into the marketplace.

Botis adds: “Vendors are now extending functionality to meet regional market requirements, incorporating local market data into their trading platforms, building local market gateways and providing tools enjoyed by counterparts in other regions. Experienced technology providers are working with firms in LATAM to develop systems to meet their needs, to facilitate electronic trading, and to ensure that technology plays its part in the development of capital markets. Costly and time-consuming in-house development of proprietary systems is no longer necessary.”

The paper asserts that the question is no longer whether a firm should invest in technology but whether it can afford not to. The Development of Trading Technology for Latin America will also be available through the Fidessa website, www.fidessa.com, or by contacting us.info@fidessa.com.

Source: Mondo Visione, 03.11.2010

Filed under: Argentina, Brazil, Chile, FIX Connectivity, Latin America, Mexico, Trading Technology, , , , , , , ,

Alternative Latin Investor Issue 6 September/October

Alternative Latin Investor Issue 6 September/October 2010 click here for a free issue

Issue 6 Content Index

  • Infrastructure Municipal Bonds in Latin America
  • Emerging Markets Let the World See Your Wares in the Right Light
  • Investment Flows and Stock Market Returns p
  • Agribusiness Beekeeping in Latin America
  • Art Pinta: The Contemporary and Modern Latin American Art Show
  • Commodities The BP Oil Spill
  • Sowing Pools: Alternative Financing
  • Funds Latin America’s Favorite Sport: For Sale
  • Philanthropy Ashoka: Inspiring and Supporting Tomorrow’s Leaders
  • Regulation Due Diligence: You Bought the Company, Now What?
  • Renewable Energy Opportunities in Argentine Biodiesel
  • Ventures Real Estate Colombia: Founder Chad Smalley
  • Economist Emerging Market Forecaster
  • Wine Stocking up for World Cup 2014
  • Hedge Funds The Spectrum of Investors for Latin American Hedge Funds by Merlin Securities

Source: Alternative Latin Investor 22.09.2010

Filed under: Argentina, Banking, Brazil, Chile, Colombia, Latin America, Mexico, News, Services, Wealth Management, , , , , , , , , , , , , , , , , , , , , , , ,

Is Mexico’s New Banking Bill a sign of worse things to come in International Banking Regulations?

A proposal to regulate fees charged by banks operating in Mexico won’t put a big dent in Bank of Nova Scotia’s (BNS) bottom line, but it could be a sign of worse things to come, as banking rules around the world begin to tighten in the wake of the financial crisis.

Brad Smith, Blackmont Capital analyst said:

As of the year-end 2008, Scotia’s Mexican operations were responsible for 9% of total earnings and while this legislation could impact on Scotia’s total operations to be marginal at this time.

The greater concern, in our view, is that this is merely an initial step in increased international regulation of the financial industry, thereby putting increased strain on future profits.

The new banking bill passed by the Mexican Senate, but still required to pass through the lower house, proposes ceilings on credit card and loan interest rates and also seeks to regulate deposit rates and eliminate certain banking fees.

Mr. Smith continues to rate Scotiabank shares a “hold” and left his C$36 price target unchanged.

Source: SeekingAlpha, 23.04.2009

Filed under: Banking, Latin America, Mexico, News, Risk Management, Services, , , , , , , , , , , ,

BMV – Bolsa Mexicana de Valores March 2009 Performance Report

BMV Mexican Stock Exchange market performance report for March 2009

Click Here  BMV Market Report March 2009

Source: mondovisione,  21.04.2009

Filed under: BMV - Mexico, Exchanges, Latin America, Mexico, News, , , , , ,

Asian expansion top priority for cross-border banking – Sungard

Beyond the home market: The future of cross-border banking – from the Economist Intelligence Unit (EIU) reveals that, despite a tough economic climate, a significant number of banks, particularly in emerging markets led by Asia, are continuing to pursue expansion into foreign markets. The research, which involved a survey of over 270 executives from banks and financial services companies around the world, was commissioned by SunGard to investigate key drivers and markets for cross-border initiatives.

Survey results indicated that ailing market conditions are contributing to an overall scaling back of growth in the West with an increased focus on customer centricity, risk and improved infrastructure. Firms are leaning on improved technology and systems to strengthen operations and bring order back to organizations that have experienced global and domestic growth at a staggering pace. However, while growth by Western banks has slowed, expansion in Asia and other emerging markets is still continuing. The survey also found that branch transformation, customer relationship management and integrated risk management will be the key focus areas for many banks in the near future.

Over 45% of respondents believed that their banks would enter or expand into new markets in the near future, with 40% stating that following global customers into foreign markets was the key driver for expansion. Over a third of those surveyed said that customer service would be critical to achieving and maintaining competitive advantage in new markets, followed by product innovation (30%), distribution (19%) and cost (14%). The research also showed a strong focus on risk management, with 57% of respondents stating that this would be the most important area when assessing IT infrastructure needs in new markets. Finally, Internet Banking (53%) was highlighted as the most popular channel initiative by banks in foreign markets, followed by ATMs (35%) and mobile banking (5%). However, respondents believe that mobile banking will become a critical channel to engage with customers in the next three years.

Manoj Vohra, research director and senior editor from the Economist Intelligence Unit, commented: “It is clear that broadening the customer base is an overriding reason for expansion into foreign markets, cited by 49% of respondents. It is no surprise that many are looking to grow their presence in Asia, where a large unbanked population and relatively unsophisticated financial services infrastnfrastructure offer a good potential return on investment.”

David Hamilton, president of SunGard’s banking business, commented: “We commissioned this study in order to better understand the changing requirements and growth strategies of our banking customers. There is increased focus on issues such as cost efficiency, operational integration and risk and regulatory compliance, but it appears greater clarity is needed on how to effectively address these issues. We believe SunGard can help to provide that clarity – for instance by offering technology solutions for key areas such as customer relationship management and profitability analysis.”

Source: SunGard, 31 March 2009

Filed under: Asia, Banking, Latin America, Library, News, Risk Management, , , , ,

The Mexican Evolution

AMERICA’S distorted views can have costly consequences, especially for us in Latin America. Secretary of State Hillary Clinton’s trip to Mexico this week is a good time to examine the misconception that Mexico is, or is on the point of becoming, a “failed state.”

This notion appears to be increasingly widespread. The Joint Forces Command recently issued a study saying that Mexico — along with Pakistan — could be in danger of a rapid and sudden collapse. President Obama is considering sending National Guard troops to the Mexican border to stop the flow of drugs and violence into the United States. The opinion that Mexico is breaking down seems to be shared by much of the American news media, not to mention the Americans I meet by chance and who, at the first opportunity, ask me whether Mexico will “fall apart.”

It most assuredly will not. First, let’s take a quick inventory of the problems that we don’t have. Mexico is a tolerant and secular state, without the religious tensions of Pakistan or Iraq. It is an inclusive society, without the racial hatreds of the Balkans. It has no serious prospects of regional secession or disputed territories, unlike the Middle East. Guerrilla movements have never been a real threat to the state, in stark contrast to Colombia.

Most important, Mexico is a young democracy that eliminated an essentially one-party political system, controlled by the Institutional Revolutionary Party, that lasted more than 70 years. And with all its defects, the domination of the party, known as the P.R.I., never even approached the same level of virtually absolute dictatorship as that of Robert Mugabe in Zimbabwe, or even of Venezuela’s Hugo Chávez.

Mexico has demonstrated an institutional continuity unique in Latin America. To be sure, it can be argued that the P.R.I. created a collective monarchy with the electoral forms of a republic. But since 2000, when the opposition National Action Party won the presidency, power has been decentralized. There is much greater independence in the executive, legislative and judicial branches of government. An autonomous Federal Electoral Institute oversees elections and a transparency law has been passed to combat corruption. We have freedom of expression, and electoral struggles between parties of the right, center and left.

Our national institutions function. The army is (and long has been) subject to the civilian control of the president; the church continues to be a cohesive force; a powerful business class shows no desire to move to Miami. We have strong labor unions, good universities, important public enterprises and social programs that provide reasonable results.

Thanks to all this, Mexico has demonstrated an impressive capacity to overcome crises, of which we’ve had our fair share. They include the government’s repression of the student movement of 1968; a currency devaluation in 1976; an economic crisis in 1982; the threefold disaster of 1994 with the Zapatista rebel uprising, the murder of the P.R.I. candidate for president and a devastating collapse of the peso; and the serious post-election conflicts of 2006.

We have overcome these challenges and drawn meaningful lessons from them. We learned to diversify the economy and reduce the state’s financial monopolies, paving the way for the eventual Nafta agreements. Election controversies and the threat of political violence have led to a national acceptance of a peaceful and orderly transition to democracy.

Now once again, we face enormous problems. The worldwide financial crisis is intensifying our ancient dramas of poverty and inequality. But the most acute problems are the increased power and viciousness of organized crime — drug trafficking, kidnappings and extortion — and an upsurge in ordinary street crime.

This may be the most serious crisis we have faced since the 1910 Mexican Revolution and its immediate aftermath. More than 7,000 people, most of them connected to the drug trade or law enforcement, have died since January 2008. The war against criminality (and especially the drug cartels) is no conventional war. It weighs upon the whole country. It is a war without ideology, rules or a shred of nobility.

Is it a war that Mexico can win? Not through the tactics of any conventional war. But there can be progress by restricting the range of the enemy. Since taking power in 2006, President Felipe Calderón has sent more than 40,000 army troops to various Mexican states to combat drug gangs, and has had some victories in drug-related seizures and arrests. Even though Mr. Calderón enjoys a relatively high approval rating, the government has not managed to reassure the general population. Large sectors of Mexican society seem to endure these events as if they were part of a nightmare from which some morning we will awake. But it will not just disappear, and Mexicans must help fight the war by mobilizing public opinion, supplying information to the authorities and vigilantly supervising both elected and appointed officials. This kind of civic participation has already begun to yield some successes in Mexico City.

The government, for its part, must continue the huge task of cleaning up the dark corners of its police forces, establishing an efficient intelligence network in order to keep ahead of the cartels. Mexico also needs a secure prison system that will not serve as a sanctuary where sentenced drug bosses can continue conducting their business and recruiting new criminals. It is also vital to speed up the purification of a judicial system that is slow and inefficient in its handling of serious crimes. We could use more political cooperation as well: Mr. Calderón (and his National Action Party) are now fighting this battle without significant support from the opposition parties, the P.R.I. and the Party of the Democratic Revolution.

The Mexican print media has not been entirely helpful either. Of course, freedom of press is essential for democracy. But our print media has gone beyond the necessary and legitimate communication of information by continually publishing photographs of the most atrocious aspects of the drug war, a practice that some feel verges on a pornography of violence. Press photos of horrors like decapitated heads provide free publicity for the drug cartels. This also helps advance their cause by making ordinary Mexicans feel that they are indeed part of a “failed state.”

While we bear responsibility for our problems, the caricature of Mexico being propagated in the United States only increases the despair on both sides of the Rio Grande. It is also profoundly hypocritical. America is the world’s largest market for illegal narcotics. The United States is the source for the majority of the guns used in Mexico’s drug cartel war, according to law enforcement officials on both sides of the border.

Washington should support Mexico’s war against the drug lords — first and foremost by recognizing its complexity. The Obama administration should recognize the considerable American responsibility for Mexico’s problems. Then, in keeping with equality and symmetry, the United States must reduce its drug consumption and its weapons trade to Mexico. It will be no easy task, but the United States has at least one advantage: No one thinks of it as a failed state.
Nor, for that matter, did anyone ever see Al Capone and the criminal gangs of Chicago as representative of the entire country. For Mexico as well, let’s leave caricatures where they belong, in the hands of cartoonists.

Enrique Krauze is the editor of the magazine Letras Libres and the author of “Mexico: Biography of Power.” This article was translated by Hank Heifetz from the Spanish.

Source: NY Times, By ENRIQUE KRAUZE, 23.03.2009

Filed under: Mexico, News, , , , , , , , ,

BMV – Bolsa Mexicana de Valores – January 2009 Performance Report

BMV Bolsa Mexicana de Valores monthly market performance report for the month of January 2009.

View BMV January 2009 Performance Report

Source: BMV, 24.02.2009

Filed under: BMV - Mexico, Mexico, News, , , , , ,

BM&FBOVESPA sets new Trading Records via DMA on GTS

BM&FBOVESPA registered on Tuesday, February 10th , a record 20,650 trades via Direct Market Access (DMA) on the GTS (Global Trading System), the Exchange’s electronic derivatives trading system. The previous record was 12,701 trades, registered on February 9th.

Tuesday’s markets also registered a record number of contracts traded via DMA: 226,000 contracts. The previous record was 222,000 contracts, registered on February 5th.

CME Globex Order Routing to BM&FBOVESPA

Trades carried out via order routing of CME Globex products on the BM&FBOVESPA trading system (South-North), which began trading on February 9th, registered 17 transactions between Monday and Tuesday.

Source: MondoVisione, 11.02.2009

Filed under: BM&FBOVESPA, Brazil, Exchanges, News, , , , , , , , , , , , , ,

Colombian Exchange BVC Launches New Equities Market Based On NASDAQ OMX Technology

NASDAQ OMX Group and the Colombian Exchange, Bolsa de Valores de Colombia (BVC), today reported the successful launch of a new cash equities trading system at BVC.

The launch took place on February 9th and received immediate acknowledgement from BVC members and the investing public.

BVC’s new system from NASDAQ OMX marks an important milestone in BVC’s goal to become a leading exchange in South America.

The system delivered to BVC offers a high-volume, low-latency platform, and is built to support the fast introduction of new trading products and services. It also enables high capacity limits to meet the needs of algorithmic and high-velocity traders. In addition to the equities system launched yesterday, BVC in 2008 deployed a system from NASDAQ OMX for derivatives trading.

“Through our new equities system we are in a great position to grow business at our exchange and thus reach our 2015 goal of 200 new companies and 1.5 million of Colombian families investing in our market,” said Juan Pablo Cordoba, President at BVC. “By being able to offer a world-class trading platform, we have an opportunity to contribute to a well-functioning Colombian financial market that encourages increased household investing in cash equities.”

“It is extremely rewarding to complete the second part of our deployment at BVC,” said Lars Ottersgard, Head of Market Technology at NASDAQ OMX. “BVC now has a trading system for both equities and derivatives based on internationally recognized standards, putting them at the forefront of South American exchanges.”

Source: MondoVisione, 10.09.2009

Filed under: Colombia, Exchanges, News, Trading Technology, , , , , , , , , ,

China’s influence in Latin America

While the United States is preoccupied with other parts of the world, China is paying ever more attention to Latin America, sending leaders to the region, opening banks and promising investment. At this writing, two Chinese leaders are touring the Western Hemisphere.

One of them is Vice President Xi Jinping, who is likely to succeed President Hu Jintao early next decade as China’s maximum leader. Xi left this morning on a tour that will take him to Mexico, Jamaica, Colombia, Venezuela and Brazil, all nations eager to enhance ties with China.

Elsewhere in the region, Vice Premier Hui Liangyu is paying official visits to Argentina, Ecuador, Barbados and Bahamas from Feb. 7 to 19. Might seem like no big deal, you say? Well, recall that President Hu visited Latin America in November, stopping in to Cuba and Peru. And while Hu was rubbing elbows with most of the major Latin presidents at the APEC summit in Lima, China’s highest ranking military officer was elsewhere in South America on tour. That officer, Xu Caihou, is vice chairman of the Central Military Commission, which controls the People’s Liberation Army. Only President Hu outranks Xu in the military hierarchy. On his trip in November, Xu toured military installations in Venezuela, Chile and Brazil and promised increased exchanges between the two regions.

For Washington to match this pace of high-level visits, it would have to send President Barack Obama, Vice President Joe Biden, Chairman of the Joint Chiefs of Staff Adm. Mike Mullen and a fourth senior official, perhaps Secretary of State Hillary Clinton, to Latin America within four months.

I doubt we will be seeing that. The Chinese officials aren’t going empty handed either. Just take a look at the $7.3-million national stadium Chinese workers are erecting in the Bahamas, a quick boat ride from Miami. I’m sure Hui will tour the site later this week and receive multiple huzzahs from the Bahamians for this showpiece project.

Xi will be attending a big powwow of Mexican industrialists on Tuesday. If one were looking for a specific gauge of China’s growing influence on the world stage in relation to the United States, one could do worse that just studying the Beijing-Washington-Latin America triangle.

Consider the trade numbers between China and Latin America and the Caribbean, for example. Trade between the region and China jumped 13-fold since 1995, from $8.4 billion to $110 billion in 2007. China is now the region’s second biggest trading partner after the United States.

A concrete sign of China’s growing trade importance occurred just a couple of weeks ago. On Jan. 12, China formally became a member of the Inter-American Development Bank, the leading hemispheric financing arm for long-term development projects. As Chinese Ambassador Zhou Wenzhong signed the forms for membership, China also threw in $350 million into bank coffers. With the Chinese flag flies along with the other 47 flags of the IDB’s member states.

Another sign of Chinese interest: Beijing has agreed to open branches of the China Development Bank in Mexico, Brazil and two other countries, a sign of intensified trade cooperation. My understanding is that this is a quasi-private bank. The world has indeed grown smaller. If Latin America was once considered part of the U.S. backyard, it’s now also part of China’s backyard.

Source: McClatchy Newspapers By Tim Johnson 08.02.2009

Filed under: Banking, China, Energy & Environment, Latin America, News, Venezuela, , , , , , , , , , , , , , , , ,

Neonet offers trading access to BMV Mexican Stock Exchange

Neonet, the neutral provider of global direct market access brokerage services and trading technology, is now offering trading access to the Mexican Stock Exchange. By adding Mexico to its offering of approximately 35 global marketplaces, Neonet extends its access of trading into Latin America for the first time.

The Mexican Stock Exchange is the second largest equity market in Latin America based on trading volumes in 2007.

“As the capital markets continue to globalize, you can be confident that Neonet extends its offering of trading at the world’s most competitive and liquid marketplaces. Based on high-speed infrastructure, Neonet offers advanced trading solutions such as algorithmic and program trading. We are thrilled to extend our offering to Latin America,” states Simon Nathanson, CEO and President of Neonet.

Source:Neonet 14.01.2009

Filed under: BMV - Mexico, Exchanges, News, Trading Technology, , , , , , , , , ,

Brazil’s Planner Corretora Adopts Fidessa Connectivity

Fidessa group  announced its expansion into Latin America with the addition of Planner Corretora De Valores S/A (Planner), a leading Brazilian investment bank, to its global connectivity network.

Planner Corretora De Valores, a leading Brazilian investment bank, will use market data and connectivity tools from Fidessa.

“In the last two years, we have seen a surge in interest in the Brazilian markets coming from the global investment community,” says Stephan de Sabrit, managing director at Planner.  “The overwhelming majority of those investors are looking for expertise from a local broker with local knowledge of stock performance and an unbiased view of the market. Through this partnership with Fidessa, we are delighted to bring our full suite of brokerage services to one of the largest global networks of sell-side and buy-side firms.”

Established in 1994, Planner is the largest broker in Brazil with 24 branch offices.  Planner launched its business focusing on equity research and service-oriented voice and electronic trade executions across asset classes.

“Our clients are increasingly demanding access to services from Latin American markets as liquidity increases in the markets across the region. Also driving client demand is that investors are able to execute their electronic order flow in Latin American markets as seamlessly as they are able to for the US, European, Canadian and Asian markets on Fidessa’s global network.

Source: FIDESSA 14.01.2009

Filed under: Brazil, News, Trading Technology, , , , , , , , , , , ,

CQG Teams with Tullett Prebon Information to Provide Latin American Fixed Income, Foreign Exchange, Money Markets, and Derivatives Market Coverage

CQG, the leading analytics and order routing platform for global electronically-traded futures markets, has announced that it is adding the distribution of data for Latin American products (LatAmMarker) offered by Tullett Prebon Information, Ltd, the leading global provider of financial market data.

CQG is adding LatAmMarker to its existing coverage of debt markets, foreign exchange, money markets, and derivatives from Tullett Prebon Information. LatAmMarker includes accurate and timely prices for the region’s government debt, foreign exchange, derivatives, and local benchmarks. It also includes information from global fixed income, commodities, and money markets that correlate with the Latin American markets.

Customers utilizing CQG market data will be able to access Tullett Prebon Information’s Brazil Key Market Rates, Zero Coupon Notes, NTN-Fs, and Globals; Colombia Key Market Rates, UVRs Inflation Linked Bonds, TES, and Globals; and Mexico Key Market Rates, Cetes, UDI, M Bonds, Globals, and Swaps Composite Page in the Latin American Marker.

Mike Kirby, Head of the Americas at Tullett Prebon Information, said, “We are delighted that CQG has chosen to extend its range of data from Tullett Prebon Information to include Latin American products. We have a long-standing and successful relationship with CQG and will continue to enhance our high quality and independent financial data offering to CQG’s customer base and other clients globally.” “We are really pleased to add the Tullett Prebon Latin American coverage,” said Rod Giffen, Global Head of Sales and Support. “It’s a great complement to our multi-asset class market data offering.”

Source: Tullett Prebon 08.01.2009

Filed under: Argentina, BM&FBOVESPA, BMV - Mexico, Brazil, Chile, Colombia, Data Management, Data Vendor, FIX Connectivity, Islamic Finance, Market Data, Mexico, News, Reference Data, Trading Technology, , , , , , , , , , , , , , , , , , , , , ,

Spanish Investors “priorities” in Latam: Brazil, Mexico, Argentina

According to the Spanish insurer Credito y Caucion one of the reasons for this relegation can be tracked to market size, described as “relatively small”.

Not surprisingly among those Spanish corporations with interests in Latinamerica, Brazil is the “maximum priority”; 69% according to the poll.

The report under the heading of “A complex panorama: investment and trade in Latinamerica”, points out that Mexico and Argentina with 48% and 40% respectively complete the priority list for corporations with interests in the region.

A chapter from the report reveals that half of the 300 corporations surveyed at world level said the Latinamerican investment option was geared mainly because of the significant slowdown of developed countries markets.

Besides 61% of corporations interviewed expect sales to in the region to increase at an annual average above 6% until 2011, and 59% believe profits will follow “a similar tendency.

Source: Mercopress, 27.11.2008

69% DE LAS EMPRESAS DARÁ MÁXIMA PRIORIDAD A BRASIL, 48% A MEXICO, EN LOS PRÓXIMOS TRES AÑOS

* El 69% de las empresas con intereses en Latinoamérica dará máxima prioridad a Brasil en los próximos tres años. México (48%) y Argentina (40%) completan la lista de los principales mercados.
* Más de la mitad de las empresas que aborda la zona lo hace influenciada por la desaceleración de sus mercados tradicionales.

Madrid, 27 de noviembre de 2008.
El 69% de las empresas con intereses en Latinoamérica señala a Brasil como mercado prioritario en su estrategia en los próximos tres años. De acuerdo con las conclusiones del estudio “Un panorama complejo, la inversión y el comercio en Latinoamérica”, México (48%) y Argentina (40%) completan la lista de los principales mercados que centrarán la expansión empresarial a medio plazo. Chile, considerado como el mercado con el mejor entorno operativo, es prioritario sólo para el 22%, probablemente debido a su relativamente pequeño mercado interno. El 53% de las empresas que aborda la zona lo hace influenciada por la desaceleración de sus mercados tradicionales.
El informe del Grupo Atradius, que opera en España, Portugal y Brasil a través de Crédito y Caución, ha sido elaborado en colaboración con la Economist Intelligence Unit, el departamento de investigación del semanario británico de noticias y asuntos internacionales de The Economist. Para ello se ha tenido en cuenta la opinión de más de 300 empresas de todo el mundo que comercian con Latinoamérica o planean hacerlo.

El informe destaca el marco existente en Brasil y México mientras otros importantes mercados de la región, como Venezuela y Argentina, aún deben confrontar el aumento de inflación y la percepción de la inestabilidad política. Perú y Chile aparecen bien valorados en lo que se refiere a las facilidades para operar que conceden a las empresas extranjeras, estabilidad económica y política, gobierno corporativo, ordenamiento jurídico y ausencia de controversias comerciales.
El 61% de las empresas que han participado en el estudio prevé que su cifra de negocio en la región crezca por encima del 6% en los próximos tres años. El 59% espera la misma tendencia para sus beneficios.
“Latinoamérica tiene mucho que ofrecer a las empresas que buscan nuevos mercados para su expansión. Dispone de una población joven y en crecimiento sensible a la importación de bienes de consumo. Además, las reformas de los últimos años siguen mejorando la estabilidad económica y política en gran parte de la región”, explicó el máximo ejecutivo (CEO) del Grupo Atradius, Isidoro Unda.

Fuente: Grupo Atradius, 27.11.2008

Filed under: Banking, Brazil, Chile, Mexico, News, Venezuela, , , , , , , , , , , ,